Finance Canada defends $10 billion loan guarantee for Trans Mountain | CBC News

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The federal government says Trans Mountain has secured third-party financing from unnamed banks.

Environmental groups called the loan guarantee a subsidy, citing the World Trade Organization's definition of the word.

The Institute for Energy Economics and Financial Analysis, which has done financial analysis of the pipeline, said the TMX project hasn't attracted private sector investment and must depend on government support to continue. The twinning of the 1,150 kilometre-long Trans Mountain pipeline will nearly triple its capacity to an estimated 890,000 barrels a day and crude oil-carrying tanker traffic from the Westridge Marine Terminal could increase from about three vessels a month to one a day.

 

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Just more bankers financing trans issues

you ever want 7 trillion --text me JustinTrudeau ill donate to xl pipeline--- from some of my taxes- if its cool with you---it could surely help america too-- if we have a pipeline. SatoshiNakamoto not craig wright

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